Autumn Gold Retail Report Report Start Date: Sep-2023 - Report End Date: Nov-2025 Print to PDF
AGT Capital Limited - Global Macro Strategy
Trading Strategy: Global Macro / Quantitative / Diversified
Investment Restrictions: 4.7 Exempt - QEPs Only
Performance Since September 2023 | Track Record Compiled By: CTA Services LLC | Please See Accounting Notes
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
ROR
Max DD
2025
0.00%
0.00%
0.00%
0.00%
0.84%
0.21%
-0.54%
-0.94%
5.46%
5.58%
0.07%
–
10.93%
-1.47%
2024
2.76%
0.12%
1.27%
-1.43%
0.76%
2.09%
-1.61%
-2.93%
3.03%
-1.48%
4.62%
0.63%
7.82%
-4.49%
2023
–
–
–
–
–
–
–
–
-0.32%
0.07%
-0.75%
1.53%
0.52%
-1.00%
Program Description: AGT Capital's Global Macro Strategy is a broadly diversified, systematic CTA investment strategy focused on global futures markets, encompassing fixed income, equities, commodities, and currencies. The strategy utilizes a multi-model framework that integrates both fundamental and sentiment-driven factors, spanning a wide range of asset classes, modeling techniques, and trading horizons. Risk capital allocation across these models is dynamically adjusted over time through a proprietary risk estimation methodology, reinforced by a robust, embedded risk management framework.
Program Statistics
Peak-to-Valley Drawdown (2)
-4.49%
From Jun 2024 to Aug 2024
Worst Month (Aug 2024)
-2.93%
Current Losing Streak
0%
Average Monthly Return
0.71%
Annualized Performance
Compound ROR (1)
8.53%
Standard Deviation
7.22%
Sharpe Ratio
1.12
Sterling Ratio
0
Calmar Ratio (3)
N/A
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADING FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. AN INVESTOR COULD POTENTIALLY LOSE MORE THAN THE INITIAL INVESTMENT. AN INVESTOR MUST READ AND UNDERSTAND THE COMMODITY TRADING ADVISOR'S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. SELLING OPTIONS INVOLVES UNLIMITED RISK OF LOSS. THERE IS NO GUARANTEE OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. THIS MATTER IS INTENDED AS A SOLICITATION TO INVEST IN MANAGED FUTURES.
Autumn Gold Retail Report Report Start Date: Sep-2023 - Report End Date: Nov-2025 Print to PDF
Investment Information
Program Start Date
Sep-2023
Currency Denomination
US Dollar
Minimum Investment
$500,000
Management Fee
2%
Incentive Fee
20
Margin
5%-15%
Round Turns per Million
1,000
NFA No:
#0570282
Trading Methodology
100% Systematic
Trading Style
100% Global Macro
Market Segment
100% Diversified
Statistical Comparisons
AGT Capital Limited Global Macro Strategy
AutumnGold AG CTA Index
S&P 500 SP 500 TR
Annualized Compound ROR (1)
8.53%
4.68%
22.09%
Cumulative Return
20.23%
10.84%
56.67%
Cumulative VAMI(7)
1,202
1,108
1,567
Best Monthly Return
5.58%
2.17%
9.13%
Worst Monthly Return
-2.93%
-1.17%
-5.63%
Annual Standard Deviation
7.22%
3.16%
12.40%
Profit Loss Ratio
2.90
3.27
3.15
Correlation
—
0.45
0.29
Last Month
0.07%
1.96%
0.25%
Last 12 Months
11.63%
4.54%
15.01%
Last 24 Months
21.44%
10.80%
53.99%
Last 36 Months
20.23%
13.22%
75.29%
Growth of $1,000 VAMI Comparison
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADING FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. AN INVESTOR COULD POTENTIALLY LOSE MORE THAN THE INITIAL INVESTMENT. AN INVESTOR MUST READ AND UNDERSTAND THE COMMODITY TRADING ADVISOR'S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. SELLING OPTIONS INVOLVES UNLIMITED RISK OF LOSS. THERE IS NO GUARANTEE OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. THIS MATTER IS INTENDED AS A SOLICITATION TO INVEST IN MANAGED FUTURES.
Autumn Gold Retail Report Report Start Date: Sep-2023 - Report End Date: Nov-2025 Print to PDF
Accounting Notes
The monthly returns from September 2023 to December 2024 reflect the net performance of Lotus Macro Fund (AUM: $10M) during Leping Wang’s tenure as its portfolio manager at Lotus Asset Management Limited. The returns are net of a 1.5% annual management fee, a 20% performance fee (subject to a high-water mark), and other associated costs. These monthly returns were computed by Apex Group, an independent fund administrator, and their monthly NAV reports are available upon request. From January 2025 to April 2025, there was no trading activity. The monthly returns since May 2025 represent the proprietary trading performance of Leping Wang (nominal size: $500K), net of brokerage commissions and transaction costs. The monthly account statements for
proprietary trading are also available upon request. Both the Lotus Macro Fund and the proprietary account employed the same Global Macro Strategy now offered by AGT Capital, where Leping Wang serves as the Chief Investment Officer. AGT Capital will commence trading for clients' accounts once it receives the Type 9 license approval (Asset Management) from the Securities and Futures Commission ("SFC") of Hong Kong.
An Important Note on the Start Date and End Date of this Report
If the Start Date of this Report Predates the Inception of the Program, the Maximum Drawdown from Inception may be larger than indicated in this report.
Performance Results reported or amended subsequent to Friday December 5, 2025 are not reflected in this Report. Monthly ROR and drawdowns are based on end-of-month values and do not reflect intramonth volatility.
Historical Drawdowns and Recoveries
The drawdown begins in the month listed as "start." Length is in months. Recovery begins the following month and ends when full recovery is reached.
Qualified Eligible Persons: THIS PROGRAM IS ONLY OPEN TO INVESTORS FITTING THE DEFINITION OF A QUALIFIED ELIGIBLE PERSON AS THAT TERM IS DEFINED UNDER CFTC REGULATION 4.7(A). A Qualified Eligible Person must meet the following two requirements:
1. Must be an accredited investor (e.g., $1,000,000 net worth or $200,000 individual income / $300,000 joint income for 2 years).
2. Must meet a portfolio test (e.g., $4,000,000 in securities or $400,000 in required margin deposits).
PURSUANT TO AN EXEMPTION FROM THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") IN CONNECTION WITH ACCOUNTS OF QUALIFIED ELIGIBLE PERSONS, THIS INFORMATION IS NOT REQUIRED TO BE, AND HAS NOT BEEN, FILED WITH THE CFTC. THE CCFTC DOES NOT PASS UPON THE MERITS OF PARTICIPATING IN A TRADING PROGRAM OR UPON THE ADEQUACY OR ACCURACY OF COMMODITY TRADING ADVISOR DISCLOSURE. CONSEQUENTLY, THE CFTC HAS NOT REVIEWED OR APPROVED THIS TRADING PROGRAM OR THIS DOCUMENT.
Statistical Footnotes
1) The Annualized Compounded Rate of Return (ACROR) represents the compounded rate of return for each year or portion thereof presented. It is computed by applying successively respective monthly rate of return for each month beginning with the first month of that period. It smooths out the returns by assuming a constant growth. 2) Peak to Valley Drawdown = worst % loss between Sep-2023 and Nov-2025 3) Calmar Ratio uses the last 36 months of data.
Benchmark Descriptions
AG CTA Index: The Autumn Gold CTA Index is a Non-Investable Index comprised of the client performance of all CTA programs included in the AG database and does not represent the complete universe of CTAs. CTA programs with proprietary performance are not included. Monthly numbers are updated until 45 days after the end of the month. Investors should note that it is not possible to invest in this index.
SP 500 TR: The S&P 500 indices are designed to reflect all sectors of the U.S. equity markets. The S&P 500 includes 500 blue chip, large cap stocks, which together represent about 75% of the total U.S. equities market. Companies eligible for addition to the S&P 500 have market capitalization of at least US$3.5 billion. The TR Index accounts for the reinvestment of dividends.
This report was prepared from trader-provided information and is believed to be reliable.
It should be read alongside each Trader’s Disclosure Document or Fund Offering Document.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADING FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. AN INVESTOR COULD POTENTIALLY LOSE MORE THAN THE INITIAL INVESTMENT. AN INVESTOR MUST READ AND UNDERSTAND THE COMMODITY TRADING ADVISOR'S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. SELLING OPTIONS INVOLVES UNLIMITED RISK OF LOSS. THERE IS NO GUARANTEE OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. THIS MATTER IS INTENDED AS A SOLICITATION TO INVEST IN MANAGED FUTURES.
